Is LaGrange Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, LaGrange Township has remained a Seller's Market.
Key Takeaway
LaGrange Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in LaGrange Township, MI
How much do homes in LaGrange Township, MI cost?
Median Sold Price
$205,000
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in LaGrange Township have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in LaGrange Township was $205,000 in May 2024, up 6.2% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $110.7K | $187.5K | +69.4% |
| 3 Bedrooms | $209.9K | $257.5K | +22.7% |
| 4 Bedrooms | $115K | $211K | +83.5% |
| 5+ Bedrooms | $400K | $385K | -3.8% |
Summary: LaGrange Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 69.4%, 3 bedroom homes increased by 22.7%, 4 bedroom homes increased by 83.5%, and 5+ bedroom homes decreased by 3.8%.
Median Sold Price Compared To Nearby Cities
| Wayne Township | $150K | $165K | +10.0% |
| LaGrange Township | $192.9K | $205K | +6.2% |
| Dowagiac | $169.7K | $180K | +6.0% |
| Cassopolis | $245K | $252.5K | +3.1% |
| Jefferson Township | $286K | $270.7K | -5.3% |
Housing Supply in LaGrange Township, MI
How many homes are available in LaGrange Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 11 | -21.4% |
Summary: The LaGrange Township real estate market had 11 homes for sale in May 2024, a 21.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 9 | 5 | -44.4% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The LaGrange Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 44.4%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in LaGrange Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in LaGrange Township in May 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for LaGrange Township, MI
How long does it take to sell a home in LaGrange Township, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 17 Days | 40 Days | +128.6% |
Summary: Homes in LaGrange Township had an average of 40 days on market in May 2024, up by 128.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in LaGrange Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in LaGrange Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
